The future of Asia's biggest budget airline, AirAsia, is in "significant doubt", auditor Ernst & Young has said.
Shares in the Malaysian-based airline fell by more than 10% on Wednesday after being halted earlier in the day.
The airline's founder and chief executive is tycoon Tony Fernandes, who also co-owns Queens Park Rangers (QPR) football club in the UK.
The world's airlines have been hit hard by the sharp fall in passengers due to strict coronavirus travel restrictions.
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FTSE 100 dives further; Deutsche Bank slapped with US$150mln fine around Jeffrey Epstein scandal
The Footsie was back to its earlier losses, now shedding 28 points to 6,160, as investors wait for the Treasury mini-budget.
"The FTSE 100 started off sharply lower before yo-yoing back to near parity in early trading on Wednesday," says AJ Bell investment director Russ Mould.
"The market's apparent indecision is understandable when you consider it has to balance the ongoing risks from coronavirus with the willingness of governments and central banks to prop up."
Elicker Fills In The Blanks On $2M In Cuts | New Haven Independent
The mayor has cut over $521,000 from the city’s police department budget as part of a Board of Alders-mandated quest to reduce city spending by over $2 million.
When the Board of Alders amended and signed off on the city’s $567.9 million FY21 general fund budget at the end of May , the local legislators ordered the mayor to find $2,004,300 in non-Board of Education operational cuts.
They imposed that requirement so as to allow for a smaller tax increase than initially proposed in the budget that the mayor initially introduced in March. The alders did not, however, tell Elicker where to find those savings. They just told him to cut.
Gartner CMO Spend Survey Shows How Digital Budgets Will Increase In 2021 07/07/2020
Digital advertising business-to-consumer (B2C) marketing budgets are expected to grow by 78% in aggregate in 2021, according to Gartner’s 2020-2021 CMO Spend Survey.
CMOs said they want to protect their investments in technology and people. “Thirty seven percent of respondents said they reduced permanent contract or employee head counts, said Ewan McIntyre, VP analyst covering marketing leadership and management at Gartner. "CMOs will need to look toward people to drive efficiencies."
While you're here, how about this:
Moto G 5G Plus Joins Motorola's Budget Lineup | PCMag
After a very busy year, Motorola today announced another addition to its 5G lineup, the Moto G 5G Plus, the company’s first 5G phone to come to is budget-friendly G-series lineup.
The Moto G 5G Plus maintains the aesthetic of Motorola’s G-series but is a noticeable upgrade from the Moto G Power or Moto G Stylus . For starters, it ships with the faster and more efficient Qualcomm Snapdragon 765 chipset compared with the Snapdragon 665 chip you’ll find on the Power or Stylus.
GTA 6 Release Date CONFIRMED by Rockstar Games' Marketing Budget?
The new marketing budget from the Rockstar Games parent company, Take-Two Interactive, suggests that the highly anticipated action-adventure game, GTA 6, might get released in 2023.
VentureBeat first deduced the possible release date after understanding the Take-Two Interactive's 10-K SEC filing. The 10-K SEC filing of the company always presents the financial plans and expenses for the upcoming five years. The filing shows the massive spike in financial numbers between April 2023 and the end of March 2024.
Top APAC Comms Challenges: Content, Measurement & Budget
The PRovoke podcast lifts the lid on key PR industry stories and trends. P/k/a as the Holmes Report's Echo Chamber.
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Long-form journalism that analyzes the issues, challenges and opportunities facing the business and practice of PR.
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Press corner | European Commission
Happening on Twitter
Coronavirus, Looting, NYPD Budget Cuts Force 500,000 to Flee the Big Apple https://t.co/0AlVPLaJVK seanhannity (from NYC) Tue Jul 07 11:11:01 +0000 2020
NIGHTMARE NEW YORK: Coronavirus, Looting, NYPD Budget Cuts Force 500,000 to Flee the Big Apple https://t.co/xdFSMlORpE seanhannity (from NYC) Mon Jul 06 16:42:31 +0000 2020
Sen. McConnell is twiddling his thumbs on legislation that would provide relief to KY, saying he's "looking into it… https://t.co/8tksNC5PlI AmyMcGrathKY (from Georgetown, KY) Mon Jul 06 15:54:06 +0000 2020
Florida's prisons are facing a coronavirus crisis. Gov. Ron DeSantis responded by cutting $28 million for prison i… https://t.co/wxM38G1FgP alexnazaryan (from washington, d.c.) Mon Jul 06 20:26:05 +0000 2020
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